Analysis of Black Friday 2023 from price comparison service, PriceSpy, based on activity on its site, has found:
11% of deals were fake (increased in price between 1st October and the Sunday before Black Friday, to then be ‘reduced’ for Black Friday), including:
15% of sports and outdoor equipment
20% of skincare
This number is up from Black Friday 2022, when 10% of deals were fake
22% of products across PriceSpy were more expensive on Black Friday than they were at the start of November, including:
27% of games and consoles
24% of running shoes
This number is less than Black Friday 2022, when 25% of products were more expensive on Black Friday than they were at the start of November
39% of products across PriceSpy were cheaper on Black Friday than they were at the start of November (the average saving was 26%*). Some of the best discounts were on:
41% of footwear
51% of mobile phones
This number is more than Black Friday 2022, when 35% of products were cheaper on Black Friday than they were at the start of November - with an average saving of 22%*
Liisa Matinvesi-Bassett, UK country manager at PriceSpy, comments: "It’s refreshing to see that Black Friday shoppers were able to make bigger savings on a bigger range of products than last year. However, it’s disappointing that we’ve seen fake sales gradually creep up too.
"Shoppers will now be pinning their hopes on continued discounting in the run up to Christmas to snap up offers which weren't available on Black Friday. For those that can wait a little longer, we know that Boxing Day is the next best day after Black Friday to get a good deal - especially on items such as mobile phones, TVs and shoes.
“The easiest way to ensure you’re getting a good, genuine discount is to compare prices across multiple retailers and check the price history"
The most popular product types were:
The most popular specific products were:
These are similar findings to Black Friday 2022, when perfume, mobile phones and airfryers were the most popular.
Liisa Matinvesi-Bassett continues: “These products are reliably popular on Black Friday, thanks in part to the typically widespread advertising of deals from both brands and retailers. However, these same products might not actually be at their best price of the year on Black Friday. For example, last year we found that mobile phones were cheapest on Boxing Day and airfryers cheapest on New Year’s Day.”
“Whilst we don’t have a crystal ball, given the low level of discount on these products on Black Friday, there’s a high chance that better offers will be found before the year’s out.”
Products which were trending this year, compared to last:
VR headsets: popularity up by 121%
Backpacks: popularity up by 38%
Home cinema systems: popularity up by +30%
Hairdryers: popularity up by 25%
Jumpers & Fleeces: popularity up by 21%
Notes to editors
* On products with a discount of 10% or more
PriceSpy is a comprehensive price and product comparison service used by millions of consumers every month. It helps consumers find, discover, research and compare products. Since the business first started in 2002, its main objective has been to help consumers make better purchasing decisions. PriceSpy does this by collecting and sharing honest, transparent information about retail shops, products and prices. PriceSpy has well over 700 000 indexed products, sold by more than six thousand shops. PriceSpy is part of Schibsted and is located in Sweden, Norway, Denmark, Finland, New Zealand, France and the United Kingdom. The PriceSpy app is available to download for free, via the App Store and Google Play.